Ukraine and the US sign Intergovernmental Agreement to Implement FATCA

Recent Changes

On 7 February 2017, Ukraine’s Finance Minister Oleksandr Danyliuk and the U.S. Ambassador to Ukraine Marie Yovanovitch signed an intergovernmental agreement implementing the Foreign Account Tax Compliance Act (FATCA).

What is FATCA?

FATCA was enacted by U.S. Congress in 2010 with the view to targeting non-compliance by U.S. taxpayers when using foreign accounts.

FATCA requires foreign financial institutions (FFIs) to identify and



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